Nexus Mutual is a decentralized mutual that provides cover specifically for smart contract risks. Tidal Finance is a decentralized mutual offering cover for a broader range of DeFi risks. Nexus Mutual is best for users focused on smart contract failure protection, while Tidal Finance suits those seeking coverage across multiple DeFi risk categories.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $89.2MDefiLlama | $24.7KDefiLlama |
| MCap Rank | #288 | #8460 |
| Total Raised | $4.1M | $3.8M |
| Founded | 2017 | 2020 |
| Stage | — | — |
| X / Twitter | 41K | 49K |
| GitHub Stars | — | 9 |
| Chains | ethereum | ethereumpolygon |
| Tags | Insurance, DeFi, DeFi | Insurance, DeFi, Decentralized Finance (DeFi) |
Nexus Mutual is a decentralized insurance protocol on Ethereum that provides cover against smart contract failures, oracle manipulation, and governance takeovers. It protects users from financial losses due to hacks or exploits in DeFi protocols. The platform also offers custody cover for centralized custodians and lenders.
TIDAL is a decentralized discretionary mutual cover protocol that allows the DeFi community to hedge against failures of DeFi protocols or assets. It offers insurance protection for trades on decentralized exchanges and leverages AI and blockchain to innovate in the insurance space.